I have been waiting to see if this gets reported. It has not been reported. It’s not gone beyond where I first saw it. Well, I take it back. It has appeared in one other place. Our old buddy James Pethokoukis, who writes at Reuters and some other places, has discovered that one of the objectives Obama has with all these recess appointments is to — brace yourself here — essentially, when you strip it all away, if this happens, what Obama is planning on doing is essentially forgiving all mortgages.

There are some requirements. You have to be paying on your mortgage, you have to be three months current, but Obama is going to just wave a magic wand and allow people to refinance their mortgages, essentially cutting hundreds of dollars off of the monthly payment. This will cost $1.2 trillion and, as always, it is those of you who don’t have a mortgage or who will not qualify for this plan who will be paying for it. This is buying an election in one fell swoop. (interruption) What? What quote from yesterday? Oh. Well, everybody’s saying, even Rove is out there saying it’s not a smart move to spend 20 minutes on stage with McCain if you are Romney having McCain endorse you. It’s really not a smart move. That 20 minutes on Hannity last night. I don’t know who they think are, I just don’t know. I don’t know how they think they’re helping themselves. But don’t get sidetracked here.